Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
GIF-JOBS
on 25/07/2025, 16:28:32 UTC
⭐ Merited by laijsica (2)
There's no right time to invest in Bitcoin other than investing when your discretionary income is available, but if you see anyone that's waiting for the right time to buy Bitcoin, just know that the person isn't buying Bitcoin with a long term mindset, and the person will have to wait to buy Bitcoin when a dip occurs so that it will enable the person to sell his Bitcoin once the price of Bitcoin starts increasing.

Your comment is very vague.A person can start investing only if he has a source of discretionary income. Many people have their own income through which a person can invest but cannot continue to invest consistently or in the midst of a financial crisis, he sells his holdings. To maintain the continuity of investment and to keep the investment stress free, one should invest with discretionary income. Discretionary income is the amount of money that you have left after deducting all your expenses, that is discretionary income.
The right time to accumulate Bitcoin is when your discretionary income is available, Bitcoin is long time Investment so it's not what we should rush into if we are yet not prepared for it you and Nightwatchmare are almost saying the same thing here if we still struggle to figure out our discretionary income we should not try going into bitcoin investment, so the right time to invest in bitcoin and start accumulating Bitcoin is when you have figured if you have your discretionary.
Bitcoin is a long-term asset, to achieve real success from this asset, long-term thinking is necessary, to maintain this investment in a long-term manner without any kind of obstacle, the kind of income and financial management that is required must be prepared.

There is no need to rush into investing in Bitcoin, if there is no reasonable income, prepare it first, there is nothing to get excited about, there are many people who buy Bitcoin with their own original cost money when the market movement falls due to some instability.

But later they cannot hold it, because they bought Bitcoin with the money they needed, and now the money they need and because of this they are forced to sell their Bitcoin, and at that time they may also face losses, because Bitcoin never stops at one stage, it keeps fluctuating due to instability.

For this reason, first create your financial source and proper financial management, and use money for Bitcoin investment that you can hold for the long term without any obstacles, at least 4 years, and in the case of investment, you must use DCA to buy Bitcoin consistently, only then can it give the most effective results.